Surge in profits driven by pandemic rebound and M&A bonanza unlikely to last, say analysts.
The four largest banks in the country have seen a steady increase in mortgage holdings over the past five years.
UK financial watchdog has shown it will use criminal rather than just civil regulatory powers to go after a bank that has fallen short on compliance.
Danske Bank, the country’s largest lender by Tier 1 capital, saw return on equity drop to 2.7% in 2020.
Banks may be affected by the UK watchdog’s more proactive approach to cancelling regulatory permissions.
Low-risk lending to wealthy customers has helped maintain asset quality during the pandemic.
The chief executive of Kuveyt Turk Participation Bank on its new digital initiatives and the outlook for Islamic banking in Turkey.
The FCA has over-reached on a number of occasions and has then had to backtrack.
Regulatory efforts in the UK and Europe to encourage diversity and access to cash could have an impact on institutions’ operating models.
Vacancies are driven by growing demand for environmental consultants, data compliance experts and diversity specialists.
Forging a regulatory strategy in a time of crisis is not easy, but the Cyprus financial sector has come out stronger and more resilient, says Demetra Kalogerou, chairwoman of the Cyprus Securities and Exchange Commission.
The Banker’s 2021 Top 250 Western European Banks ranking shows that the industry has withstood the test of the pandemic; however, challenges around profitability remain.
The small Mediterranean country’s reliance on tourism-related activities led pre-tax profits to tumble last year at leading lenders.
Iceland’s largest banks were re-established in 2008 and rebuilt their holdings of Tier 1 capital ahead of the pandemic.
French banks' in The Banker’s Top 1000 World Banks ranking outperform German rivals.
Bank Austria saw return on equity drop from 8.37% to 0.18% year-on-year in 2020.
Robert Holzmann, governor of Austria’s central bank, Oesterreichische Nationalbank, has helped to navigate the country through the global pandemic.
While the past 18 months have had a notable impact on the Austrian economy, the government has largely kept the country on track.
Learning the lessons of the global financial crisis, Austrian banks had built up their balance sheets and tackled bad loans before the pandemic hit.
As the OBIE seeks to widen the initiative to include ‘open finance’, it is important to consider the dangers and drawbacks.